Continuing selling pressure - market consolidating at 4530

133
( xau | usd ) trend forecast Mar 24 , 2026

European and American sessions

💬Traders have largely discounted further Fed rate cuts and are increasingly pricing in a year‑end rate hike, driving US Treasury yields higher and helping the dollar regain upside momentum—redirecting flows away from precious metals. Nonetheless, diminishing hopes for rapid de‑escalation in the Middle East cap market optimism and continue to support safe‑haven demand for gold, restraining aggressive bearish positioning. With the US–Iran conflict persisting, market participants now await global flash PMI releases for short‑term trading opportunities.

💬 The H1 chart is consolidating below 4530, with the market gradually stabilizing after the volatility at the beginning of the week.

💬 Observing the H1 chart, gold prices have recovered slightly after falling around 4100. Strong selling pressure is concentrated around the H1 FVG price level of 4530, helping sellers maintain selling pressure amidst a rather negative market sentiment due to the Middle East conflict.
❄️EMA
❄️Volume
❄️Fibonaccy
❄️Trendline
❄️breakout H1

🥇 resistance ( supply zone ) : 4532 ( signal SELL )
🥇support ( demand zone ): 4310 ( signal BUY )


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